Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Pelham
"Political and business elites both benefit from outsourcing and neither party has been willing to criticize the practice. But it certainly plays a role in our current economic troubles. "

Right. I believe it is called bipartisan campaign financing or how to control government without really voting.

15 posted on 06/09/2009 10:02:18 AM PDT by ex-snook ("Above all things, truth beareth away the victory.")
[ Post Reply | Private Reply | To 14 | View Replies ]


To: ex-snook

That’s essentially it. Transnational businesses donate heavily to both parties and they get something for it. Mere citizens only vote, they don’t have any money to donate by comparison.

It hasn’t always been this way, big money started showing up in the 70s. At least that is what I picked up from the book “Honest Graft” a few years back.

Limbaugh was just reading some rationale for why foreign investment is highly beneficial to the US economy, arguing that it grants American firms access to foreign markets. This is largely nonsense. Transnationals currently build plants overseas in order to benefit from international labor arbitrage, the substitution of lower paid foreign labor in place of American labor. This was a minor issue until the huge labor forces of China and the former soviet bloc became available. It is a problem now and some of the current economic problems in the US are related to a structural loss of employment, not the cyclical unemployment of the past.


17 posted on 06/09/2009 10:54:00 AM PDT by Pelham (California, formerly part of the USA)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson